Dynamic and non‐neutral productivity effects of foreign ownership: A nonparametric approach
外资所有权的动态与非中性生产率效应:非参数方法
Summary This paper studies two novel productivity characteristics of foreign acquisition on high‐tech manufacturing firms: the dynamic and the non‐Hicks‐neutral effects. A dynamic productivity effect of foreign ownership arises when adoption of foreign technology and management practices takes time to fully realize. Furthermore, these dynamic adjustments may be capital or labor augmenting as adoption of advanced production technologies tends to have non‐neutral productivity…